What Is the Difference between Buying a Put Option and Selling a Call Option in a Bearish Strategy?

Both are bearish strategies. Buying a put option gives the holder the right, but not the obligation, to sell the underlying asset at a specific price (strike price).

The profit potential is theoretically unlimited, and the risk is limited to the premium paid. Selling a call option obligates the seller to sell the asset at the strike price; the maximum profit is the premium received, but the loss potential is theoretically unlimited.